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Dennis J. Kucinich

Having been elected to Cleveland's City Council at age 23, Dennis J. Kucinich was well-known to Cleveland residents when they chose him as their mayor in 1977 at the age of 31. At the time, Kucinich was the youngest person ever elected to lead a major American city.
In 1978, Cleveland's banks demanded that he sell the city's 70 year-old municipally-owned electric system to its private competitor (in which the banks had a financial interest) as a precondition of extending credit to city government.
When Mayor Kucinich refused to sell Muny Light, the banks took the unprecedented step of refusing to roll over the city’s debt, as is customary. Instead, they pushed the city into default.